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United States · Bill · HR

H.R. 3636 (104th)

Social Security Preservation Act of 1996

referredUnited States· United States Congress· EN

Introduced

13 June 1996

Last action

13 June 1996 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Neumann, Mark W. [R-WI-1], Rep. McIntosh, David M. [R-IN-2], Rep. Bass, Charles F. [R-NH-2], Rep. Bono, Sonny [R-CA-44], Sen. Brownback, Sam [R-KS], Sen. Burr, Richard [R-NC], Rep. Campbell, Tom [R-CA-15], Rep. Chabot, Steve [R-OH-1], Rep. Chenoweth-Hage, Helen [R-ID-1], Rep. Christensen, Jon [R-NE-2], Rep. Chrysler, Dick [R-MI-8], Sen. Coburn, Tom [R-OK], Rep. Cooley, Wes [R-OR-2], Rep. Cremeans, Frank A. [R-OH-6], Rep. Cubin, Barbara [R-WY-At Large], Rep. Ehrlich, Robert L., Jr. [R-MD-2], Rep. English, Phil [R-PA-3], Sen. Ensign, John [R-NV], Rep. Foley, Mark [R-FL-16], Rep. Forbes, Michael P. [D-NY-1], Rep. Fox, Jon D. [R-PA-13], Rep. Frisa, Dan [R-NY-4], Rep. Funderburk, David [R-NC-2], Sen. Graham, Lindsey [R-SC], Rep. Waldholtz, Enid Greene [R-UT-2], Rep. Gutknecht, Gil [R-MN-1], Rep. Hastings, Doc [R-WA-4], Rep. Hayworth, J. D. [R-AZ-5], Rep. Hilleary, Van [R-TN-4], Rep. Hostettler, John N. [R-IN-8], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. LaHood, Ray [R-IL-18], Rep. Largent, Steve [R-OK-1], Rep. LaTourette, Steven C. [R-OH-14], Rep. Martini, William J. [R-NJ-8], Rep. Metcalf, Jack [R-WA-2], Rep. Myrick, Sue Wilkins [R-NC-9], Rep. Ney, Robert W. [R-OH-18], Rep. Norwood, Charles W. [R-GA-9], Rep. Radanovich, George [R-CA-19], Rep. Riggs, Frank [R-CA-1], Rep. Salmon, Matt [R-AZ-5], Rep. Scarborough, Joe [R-FL-1], Rep. Seastrand, Andrea H. [R-CA-22], Rep. Shadegg, John B. [R-AZ-3], Rep. Souder, Mark E. [R-IN-3], Rep. Stockman, Steve [R-TX-36], Rep. Tiahrt, Todd [R-KS-4]

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Social Security Preservation Act of 1996 - Amends title II (Old Age, Survivors and Disability Insurance)(OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (trust funds) to ensure that the annual surplus of the trust funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Prescribes a formula for determining the annual surplus of the trust funds. Prohibits disinvestment of trust fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such trust funds for public debt limit-related purposes. Authorizes the sale of trust fund public debt obligations for the payment of OASDI cash benefits and administrative expenses, with conditions, including notification to each House of Congress and the Comptroller General at least three days in advance of such sale.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 June 1996

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 13 June 1996

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 June 1996

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 June 1996

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 June 1996

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  • Introduced in House

    summary · EN · 13 June 1996

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Sponsors

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Related records

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Sources

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